Based in Kolkata, India, Arohan Financial Services Pvt Ltd is eastern India's largest microfinance institution operating in the states of West Bengal, Assam, Meghalaya, Odisha, Chhattisgarh, Jharkhand and Bihar, offering financial inclusion products to the under-served, with nearly seven lakh clients and counting.
Location: India, West Bengal, Kolkata
Employees: 5001-10000
Phone: +91 33 4015 6000
Total raised: $1.5M
Founded date: 2006
Investors 3
| Date | Name | Website |
| - | Michael &a... | dell.org/ |
| 09.02.2023 | British In... | bii.co.uk |
| - | Aavishkaar... | aavishkaar... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 13.08.2008 | - | $1.5M | Lok Capita... |
Mentions in press and media 18
| Date | Title | Description |
| 22.10.2024 | Monetary policy dilemma: Control inflation or support growth, says RBI’s Patra | Uncertainty shocks for India tend to mimic aggregate supply shocks, with heightened uncertainty leading to slower growth but higher inflation, said RBI Deputy Governor Michael D Patra, even as he emphasised that this presents a dilemma for ... |
| 20.10.2024 | NBFCs in MFI space to face greater reporting rigour after RBI’s crackdown on 4 players | Non-bank players operating in the microfinance space may be subject to greater reporting rigour, with the Reserve Bank of India likely to ask them to submit granular monthly data on their weighted average lending rate and the spread they ch... |
| 18.10.2024 | RBI Cracks Down on Non-Banking Financial Companies: A Wake-Up Call for the Industry | The Reserve Bank of India (RBI) has taken a bold step. It has ordered four non-banking financial companies (NBFCs) to halt loan sanctioning and disbursement. This directive affects Navi Finserv, DMI Finance, Asirvad Micro Finance, and Aroha... |
| 17.10.2024 | RBI bars NAVI, DMI Finance and others from loan sanctioning and disbursal | The Reserve Bank of India (RBI) has issued a directive to four non-banking financial companies (NBFCs), including DMI Finance—backed by MUFG Bank—and NAVI, led by Sachin Bansal, to cease loan sanctioning and disbursement starting October 21... |
| 17.10.2024 | RBI imposes biz restrictions on Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv | The Reserve Bank of India has imposed business restrictions on four non-banking finance companies (NBFCs) – Asirvad Micro Finance Ltd, Arohan Financial Services Ltd, DMI Finance Pvt Ltd and Navi Finserv Ltd, asking them to cease and desist ... |
| 17.10.2024 | RBI Bars Sachin Bansal’s Navi Finserv From Disbursing Loans | SUMMARY The RBI said that its order on Navi Finserv, DMI Finance, Arohan Financial Services and Asirvad Micro Finance would come into effect from the close of business on October 21 The RBI’s action is in response to excessive interest rate... |
| 03.07.2023 | Arohan Financial snags $24 mn from another DFI | Credit: 123RF.com Microfinance institution Arohan Financial Services, a part of the Aavishkaar-Intellecap Group, has raised nearly Rs 200 crore ($24 million) from Investment Fund for Developing Countries (IFU), a development finance institu... |
| 15.02.2021 | Arohan Financial files draft papers for ₹1,800 crore IPO | Arohan Financial Services, a non-banking financial company, has filed draft papers with markets regulator SEBI for its proposed initial public offer (IPO). As per market sources, the Kolkata-based company plans to raise between ₹1,750 crore... |
| 08.05.2018 | Arohan Financial to get $20 mn in debt funding from IFC | International Finance Corporation (IFC) plans to invest about Rs 130 crore ($20 million) in Kolkata-based Arohan Financial Services Pvt. Ltd via long-tenor debt. Arohan will use the money to lend to micro, small and medium enterprises, the ... |
| 24.01.2018 | Arohan raises Rs 60 cr from Tano Capital | Kolkata-based microfinance company Arohan has raised Rs 60 crore from a fund managed by Tano Capital, an alternate asset management firm founded in 2004. Arohan has close to Rs 400 crore in assets under management across 104 branches spread... |
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